Porter Hedges Represents Carriage Services in Connection with its Exchange of Approximately $115 Million of its Convertible Subordinated Notes

Porter Hedges represented Carriage Services, Inc. ("Carriage Services") in connection with its exchange of approximately $115 million in aggregate principal amount of its 2.75% Convertible Subordinated Notes due 2021 for an aggregate of (i) 2,822,859 newly-issued shares of Carriage Services' common stock, plus (ii) approximately $75.2 million in cash pursuant to privately-negotiated exchange agreements with a limited number of holders of the convertible notes.

Carriage Services is a leading provider of deathcare services and merchandise in the United States. Carriage operates 178 funeral homes in 29 states and 32 cemeteries in 11 states.

The Porter Hedges team included Nick Nicholas, James Cowen, Adam Nalley and Emily Ashby.

For additional information, please see the Carriage Service press release here.

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